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$849,900

1224 Shell Beach Dr, Little Elm, TX, 75068

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,414 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.95 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Double Oven, Tankless Water Heater
FlooringVinyl

Exterior

Exterior FeaturesBalcony, Rain Gutters
Lot Size40,859 sqft

Building Information

Year Built2008
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR200963
Lot Number58
SubdivisionShell Beach
Land UseResidential
Legal DescriptionSHELL BEACH BLK A LOT 58
Census Tract020127
Assessed Land Value$266,577
Assessed Improvement Value$504,901
Assessment Year2025

About this property

Custom Contemporary Farmhouse on Nearly an Acre in a Lakefront Community Set on an expansive .938-acre homesite in a sought-after lakefront community, this distinctive custom-built residence blends Contemporary Farmhouse styling with refined Craftsman and subtle Prairie-inspired influences. Thoughtfully designed with character and functionality in mind, the home offers 4 bedrooms, including two private primary suites, and 3.5 baths. The striking exterior showcases clean architectural lines, classic gabled rooflines, a welcoming covered entry, and natural materials that create a timeless yet fresh aesthetic. Inside, the custom design continues with an emphasis on spacious living, natural light, and comfortable gathering spaces. Two primary suites provide exceptional flexibility for multigenerational living, guests, or a private retreat. The generous acreage offers room to enjoy the outdoors while providing a sense of privacy rarely found in a neighborhood setting. The property backs to Corps of Engineers land and the lake, creating a peaceful natural backdrop with no immediate development behind the property. Enjoy the nearby community trails leading to Cottonwood Creek Park, the lake, and Cottonwood Creek Marina, making it easy to take advantage of the area's outdoor and waterfront amenities. Adding to the home's appeal, paid-off solar panels provide an energy-conscious advantage. This is a truly special property where custom architecture, expansive land, and a lake-oriented lifestyle come together in one exceptional setting.

Investor Tools

$535,036Estimated Mortgage Balance
$205,962Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,099 /month
Positive
Cash Flow Estimate:
$1,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,308/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,001
$738,100
2025
$266,577
$504,901
$771,478
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,001
$738,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$575,200
No
First
Aug 19, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$535,036
$203,064
27%
72%
$3,449/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,750/mo
$3,574/mo
+$176/mo
6.1%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Little Elm

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1224 Shell Beach Dr | Property Details | No Agent List